Best and cheapest companies for home and auto bundles in Maine

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

When shopping for home and auto insurance, some insurers offer better deals on bundled coverage than others. We’ve compared multi-policy discounts from insurance companies in Maine to identify which ones provide significant savings when combining multiple coverage types.

State Farm provides the highest percentage discount on home and auto insurance premiums in Maine when you bundle your policies. By choosing this insurer, you can save an average of 26% on your home and auto bundle.

On the other hand, Auto-Owners provides the lowest overall rate for bundling in Maine. When you bundle your policies, you can expect to pay an average of $1,385.

Key Takeaways

In Maine, State Farm is the top choice for bundling home and auto insurance. It offers an average savings of 26%.
Some insurance companies offer more significant bundling discounts, so comparing quotes is a good idea.
Your ZIP code plays a major role in determining how much you can save on your home and auto insurance bundle.
Bundling is usually a smart move, but sometimes it might not be the best option.

How we picked the best companies for home and auto bundling

In 2024, we conducted an analysis of home and auto insurance rates across all 50 states and Washington, D.C. using data from Quadrant Data Services. We examined the average bundling discounts offered by various insurance companies, calculating both pre and post bundling rates based on these discounts. Our analysis covered 48 insurance companies and data from 4,686 ZIP codes, providing a comprehensive view of bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Maine

We assessed companies based on the average savings they offer for home and auto insurance bundles, considering both dollar amounts and percentage discounts. Here are the top insurance companies in Maine for home and auto bundling.

State Farm

State Farm offers an average bundle discount of $580, which is a 26% savings on your premiums. Before the discount, the combined home and auto insurance cost is $2,193, and after applying the bundle discount, the total cost drops to $1,613.

Auto-Owners

Auto-Owners offers an average bundle discount of $205, or 13%. Before the bundle discount, you’ll pay an average of $1,590, which will decrease to $1,385 after the discount is applied.

Allstate

Bundling auto and home insurance with Allstate can save an average of $489, or 19%. Without the discount, the coverage costs $2,619, but after the discount, it’s only $2,130.

Compare home and auto bundles in Maine

Bundling your home and auto insurance in Maine can result in significant savings, though the exact amount depends on the insurer. The table below highlights rates and potential savings with leading companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$1,613	47	87.4	A++	26%	79.32
Auto-Owners	$1,385	49	81.2	A++	13%	63.59
Allstate	$2,130	39	85	A+	19%	60.81

What company offers the cheapest home and auto bundle in Maine?

State Farm provides the largest discount on premiums for bundled insurance, while Auto-Owners offers the lowest overall rate when you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
Auto-Owners	$853	$737	$1,590	$1,385
State Farm	$1,192	$1,001	$2,193	$1,613
Allstate	$1,254	$1,365	$2,619	$2,130
Frankenmuth Insurance	$1,321	$1,395	$2,716	$2,175
MMG Insurance	$1,443	$1,260	$2,703	$2,267

Most and least expensive ZIP codes for home and auto insurance bundles in Maine

Where you live can help to determine how big of a discount you will get for bundling coverage, and also the base rates from which that discount is taken. Here are the most and least expensive ZIP codes in Maine for policyholders who bundle their coverage:

Most expensive ZIP codes

The most expensive ZIP code in Maine for bundling home and auto insurance is 4010, with an average cost of $2,072. Here are the 10 most expensive ZIP codes:

ZIP code	Average auto and home after discount	Average difference
4010	$2,072	19%
4911	$2,051	19%
4429	$2,011	19%
4263	$2,003	19%
4240	$1,980	19%
4210	$1,975	19%
4643	$1,973	19%
4945	$1,969	19%
4556	$1,966	19%
4426	$1,959	19%

Least expensive ZIP codes

The most affordable ZIP code in Maine for bundling home and auto insurance is 4038, with an average rate of $1,807. Below are the 10 least expensive ZIP codes.

ZIP code	Average auto and home after discount	Average difference
4038	$1,807	19%
4736	$1,813	19%
4097	$1,868	19%
4008	$1,870	19%
4741	$1,887	19%
4915	$1,897	19%
4605	$1,898	19%
4083	$1,902	19%
4019	$1,908	19%
4401	$1,914	19%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Maine?

Bundling your insurance can help you save money and make managing your policies easier. With one company handling everything, you can check all your coverages in one place.

However, bundling isn’t always the cheapest move. If you find a great deal on car insurance but your homeowners insurance is much more expensive with the same company, you might save more by getting separate policies from different insurers.

It’s also possible that a company has the right coverage for one type of insurance but not for the other.

Instead of assuming a bundle is the best deal, it’s always a good idea to shop around and compare quotes.

“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”

How can you switch to a home and auto bundle in Maine?

Switching to a bundled policy is simple, and many people take this step when their insurance comes up for renewal. For example, if your car insurance is with one company and your homeowners insurance with another, you can easily combine them under one insurer when it’s time to renew.

However, you don’t have to wait until renewal to bundle your policies. If you cancel one of your policies before it expires, you might get a refund for the months you won’t be covered by that insurer.

But before canceling coverage on any of your policies, make sure your new coverage is set up and active. Don’t cancel the old one until you’re fully covered.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

You might find interesting

Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.